Export guide to China's beet sugar and bagasse

Published 2021년 6월 17일

Tridge summary

China, being the world's second-largest sugar consumer, imports up to 5 million tons of sugar annually due to its high domestic consumption. Russia is a key supplier of sugar to China, and China also imports significant amounts of beet pulp, with Russia being the fourth largest exporter of beet pulp to China. The Union of Sugar Producers of Russia sees China as a lucrative market for sugar and sugar-containing product exports. Currently, Russian sugar factories are capable of producing extra quality sugar, and the main barrier to sugar exports to China is high logistics costs. In the next 1-2 years, it is expected that additional Russian sugar factories will obtain the necessary export accreditation for beet pulp. The Chinese market is highly regulated, and new requirements for customs clearance of goods have been introduced due to the COVID-19 pandemic. Agroexport, the World Bank, and industry experts have developed export guides to facilitate the entry of Russian sugar producers into the Chinese market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China is the second largest sugar consumer in the world with annual volumes exceeding 16 million tons. The consumption of sugar in China significantly exceeds its production, so the country is among the world's largest importers, annually importing up to 5 million tons of sugar. Brazil is a traditional supplier due to its low cost and geographic location. Also, the PRC is one of the largest consumers of beet pulp. Despite the significant impact of the Covid-19 pandemic on the feed industry, the volume of imports in 2020 amounted to 164 thousand tons, with every fourth ton of beet pulp imported into China of Russian origin. Taking into account the market conditions in the PRC and the high export potential of Russia and the EAEU countries, China is the most attractive direction for the development of exports of sugar and sugar-containing products, comments Andrey Bodin, Chairman of the Union of Sugar Producers of Russia (Soyuzrossakhar). An increasing number of Russian sugar ...
Source: Aemcx

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